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Bonterra improves mineralized continuity and expands gold-bearing structure east of Barry

Mar 1, 2021

Bonterra Resources Inc. has announced an update on results from the ongoing drilling campaign at the Barry project. These results encompass 16 diamond drill holes for 6,322 metres ("m"), of which seven holes were infill and nine holes were expansion. The Company is currently drilling at a rate of approximately 10,000 m per month and plans a mineral resource estimate update for Q2/21 ("2021 Resource Update"), which is expected to incorporate approximately 130,000 m of new drilling information. In addition, work on the the Preliminary Economic Assessment ("PEA") is currently underway and is expected to be completed in the fall of 2021. 


Expansion Drilling:

  • 6.1 g/t Au over 4.3 m and 3.2 g/t Au over 6.9 m in hole MB-21-330
  • 6.7 g/t Au over 0.5 m in hole MB-20-321
  • 6.1 g/t Au over 1.0 m in hole MB-20-328

Infill Drilling:

  • 5.5 g/t Au over 3.6 m and 5.8 g/t Au over 0.6 m in hole MB-20-318 
  • 5.1 g/t Au over 4.8 m and 1.8 g/t Au over 6.0 m in hole MB-20-323
  • 15.1 g/t Au over 1.0 m in hole MB-20-326 

Pascal Hamelin, CEO commented: "The results from infill drilling on the northern upper portion of the Barry deposit and expansion drilling at the eastern extension are very promising. Specifically, the infill drilling confirms mineralized continuity of the existing inferred resources closer to surface and drilling of the eastern extension is expected to add new resources at depth. Drilling data from the Company's three main deposits totaling approximately 130,000 m will be incorporated into the upcoming 2021 Resource Update expected in Q2/21. The 2021 Resource Update will in turn provide the foundation of a PEA planned for the fall of 2021. Additionally, the Company is about two-thirds of the way through the permitting process to expand the milling rate at the Company's 100% owned Bachelor Mill from 800 to 2,400 tonnes per day."

The Company has drilled 66 holes representing a total of 23,830 m at Barry since July 23, 2020. Results from 16 holes have been received since the press release dated December 21, 2020. Results from the remaining 17 drilled holes are pending. (See Table 1 and Figures 1 and 2).

SLR Consulting (Canada) Ltd. has been contracted to prepare the 2021 Resource Update and a PEA currently underway in collaboration with Bonterra's geological team on the Moroy, Gladiator and Barry projects scheduled to be completed in the fall of 2021. SGS Geological Services has been selected to undertake a peer review of the 2021 Resource Update and PEA preparation process. The Company expects these initiatives to help demonstrate the value of the Company's assets.

The Barry gold deposit is characterized as multiple sub-parallel, sub-vertical, shear zones and a second set of veins dipping 50 to 60 degrees to the south hosted within intermediate to mafic volcanics and tuffs with local felsic intrusions. Gold mineralization consists of disseminated sulfides within the shear zones and the veins with local visible gold. The Barry deposit has been delineated over 1 kilometer along strike and 600 m vertical and remains open for expansion.

Due to an accumulated backlog at the Company's laboratory, assaying priority has been assigned to drill hole samples directly affected within the 2021 Resource Update. Pending assays of samples awaiting analysis from drilling beyond the project models not included in the 2021 Resource Update are to be processed by Activation Laboratories Ltd. ("Actlabs"), based in northwestern Quebec.

Tags: Quebec / Exploration / Gold / All Articles